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move to drop their nuclear program. members of north korea's national defense commission said the proposal was unacceptable. they called on the security counsel to retract economic penalties imposed after the country's latest missile launch and nuclear tests and demanded that u.s. and south korean commanders suspend military exercises currently under way in the south. the commission members also said the military forces and the people of north korea are closely watching what steps the u.s. and its followers will take. the remark suggests that there is still room for dialogue with the u.s. and south korea. >>> south korea's foreign minister is playing go between in an effort to keep an annual summit with japan and china on the calendar. yun byung-se in seoul says he will also raise the north korea issue. officials have been preparing to host the summit in late may. a diplomatic source saying young is expected to meet the other foreign ministers. the source says yung will try to convince the two ministers to proceed with the talks as planned. they believe it's too early to hold
of defense is currently spending $10 billion more conducting the war effort in afghanistan this year than was estimated would be necessary. from what we understand, in order to make up for this estimation the department of defense will have to pull from other funds from its base budget, which is difficult because of sequestration and the other long-term spending limits imposed by the budget control act of 2011. the problems with trying to budget and plan for a war a year in advance and how unforeseen costs can arise. at the same time a $10 billion is copulation is a little alarming. -- miss calculation is a little bit alarming. general, can you explain to us how that underestimation occurred? that we insidere u.s. forces in afghanistan under estimated $10 billion for our requirements for this year. i can assure you we have gone back and look at every dollar we have spent to make sure we have spent to good effect. we have significantly reduced the money we are spending in afghanistan. i will go back and take a look at where the projection came from and why we are in the position we are in
back. he replaced his defense minister . more importantly, he chade changed the rules of engagement. previously the rules of engagement on those islands, the disputed islands, the disputed area, was that for every round of incoming north koreaian al artillery, south korea was able to respond with one caliber lower. so he was out in calibrating, was that a 52 or 54 category? implet ng yong bok did away with that. he also said he ordered south koreaian fighter bombers to spond respond but was told by his military personnel he was not allowed to do that. instead, he would need permission from the united states. if you tuck to u.s. officials, they will say that is not the case. but at least that was the perception. and i talked to south korean intelligence and they said that was there perception that they were not allowed to use those weapons without u.s. permission. that has also been removed. the u.s. visited in 2010 and made a public statement, it is their planes. they can do with it as they see fit. and then privately there has been a change in perception. so even under his rule,
for self-defense and for hunting and for sportsman activities. target shooting. i still go target shooting basically out my backyard in searchlight with my grandchildren. but i've always had trouble understanding why people need assault weapons to hunt or protect their homes or to target shoot. when the assault weapons ban came before the senate for a vote ten years ago, i called my friends, one in particular, who is a real advocate with -- on guns. and he said to me, you can't define an assault weapon. why are you doing this? you can't define an assault weapon. he convinced me he was right, so i voted against that. i voted against the ban. just about a month ago i called this same friend. i asked if his opinion had changed. generally no, but specifically yes, it had changed. he still opposes a ban on assault weapons. i said tell me why. i found his new reasoning absurd. and even though i care a great deal about my friend, he's headed in the wrong direction. so it caused me to reassess my position. he said do police have assault weapons? i said, yeah, some of them. he said if they have the
suggested the united states would reduce our missile defense system in asia for exchange -- in exchange for chinese help with north korea. it seems to me even though we are being threatened by nuclear attack by the north korean government, first of all is that an accurate statement? if so, explain that if you would. >> no. not an accurate statement. i think it was corrected while i was over there. there was reporting to that effect. what i -- there was no offer, no deal, no contemplation of it. what i did say publicly and i'll say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not that same level of deployment is necessary. all i stated was a sort of fact based on the rationale of the deployment itself. >> do you think that the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time every year? >> no. >> all right. thank you for tho
an hour. we have subsequent meetings here, secretary of state john kerry, secretary of defense shuts hegel, director of intelligence james clapper and others at the white house. however senior administration officials stress that is for previously scheduled meeting of national security principals, so nothing really specifically to do, nor was unscheduled specifically because of the events in boston, that was earlier this morning. news from capitol hill according to bret baier of fox news saying officials briefed lawmakers on capitol hill telling them they really want to get this second suspect alive find out perhaps if there are any more people involved, find out whether they have any training overseas or if they were radicalized in the united states or overseas and that has final implications to this investigation when you consider taking him alive versus not so that is something they're working on. we got everything in boston where all eyes in washington are right now from governor deval patrick saying there are continuing developments, can't talk about them now but talk about them later
with the department of defense and others to address last year the department of treasury to qualify that as a hardship from the hamp program. you're racing another great exam how there can be a general consumer problem, the issue of tenants who are renting who can be affected by some of these problems that -- great example is when congress dealt with the fact that tenants can be ousted from their place they're living because the landlord is foreclosed upon even though the tenant may not know anything about that and they fine their belongings on the street. for the military, again, this particular instance has to do -- can do with change of station ordered or can do with, as you say, trying to improve your housing for lesser cost. so, if congress is going to lock that issue, we'd be happy to supply the experience that we have seen from around the country. that of, of course, a judgment for you all to make but it's another outstanding example how you can have general consumer issues ask then translate them into the military context but they are sharpened or aggravated the the situatio
.i.t. technologies cut across every sector of our economy and our national defense infrastructure. our relatively modest 20-year investment in nitr-d programs has contributed immeasurably to our economic and national security by enabling innovation and job creation in the n.i.t. and providing american students with the skills to fill these jobs. let's re-authorize this program today and ensure that it remains strong. i want to thank my friend, mrs. lummis, for reintroducing a bipartisan bill once again in this congress and i also would like to thank my staff and in sokolo for their hard work on this bill and i urge my colleagues to support h.r. 967 and reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves, the gentleman from texas is recognized. mr. smith: i yield five minutes to mrs. lummis the sponsor of this legislation and who chairs the subcommittee of the science, space and technology committee. the speaker pro tempore: the gentlewoman from wyoming is recognized for five minutes. mrs. lummis: thank you, mr. speaker. i want to start by thanking chairman smith and
defense ministers have already begun consideration of the size and mission for a post-2014 force in afghanistan. one factor that will influence that decision is the size and capacity of the afghan security forces. in this regard, the recent decision by nato defense ministers to support maintaining the afghan security forces at the current 352,000 through 2018, rather than reducing the support to a level of 230,000, as previously planned, is the right thing to do. it sends an important signal of our continued commitment to a safe and secure afghanistan and make it feasible for us to have a smaller u.s. and coalition presence after 2014. the greatest challenge to afghanistan's security is not the taliban, but the pakistan- based sanctuaries for militant extremists, launching cross border attacks into afghanistan. pakistan has said it supports a stable and secure afghanistan. but its actions belie its words. the u.s.-pakistan relationship will not be normalized so long as those extremists safe havens exist on pakistani territory. another large challenge to a stable afghanistan is th
missile defense system into the city. and you hottest has claimed responsibility for the attack -- agent hottest -- a jihadist rupe has claimed responsibility for the attack -- a jihadist group has claiemed responsibiliy for the attack. >> he denies charges and says the attempt is in the -- says the charges are an attempt by the government to silence dissent. >> outside the courthouse, the lawyer and opposition -- the lawyer says that he faces charges -- [indiscernible] he says the charges are politically motivated. >> sooner or later, we will win and drive these crooks and thieves from power. >> he rose to the head of the opposition movement during russia's elections at the end of 2011. he called for people to vote for any party other than putting's -- putin's. since then, he has said he wants to become president. >> the trial's purpose is to get him off the political stage. it damages his reputation and creates a legal pretext to prevent him from taking part in elections. >> in court, he asked for more time to study the charges and the evidence. the judge adjourned the court until nex
, is it going to take a smart defense lawyer to say, wait a second, i challenge this because let me read you tweet from the boston police after he was taken into custody. it says captured. the hunt is over. the search is done. the terror is over. is that a problem? >> that would be used by a defense attorney to argue there was no public safety threat. in light of the circumstances we've had, the numerous improvised explosives, the huge gunfire, i think that the government is going to get a fair bit of latitude here. the other piece we have to remember is miranda only affects the statements he makes and whether or not they're admissible in court. i think the fbi will likely have a very, very strong case even if he says nothing at all based purely on the surveillance tape, statements of witnesses and the forensic evidence. >> michael, we'll have you on later to talk about the radicalization of these brothers, how and when it may have happened. thank you very much. >> thank you, matt. >> savannah, you're a lawyer. the government on firm legal ground here? >> it is. as michael pointed out this i
people respond. >> republicans are looking for a way out of that defense sector. there will be more pressure put on them right now. the people who wanted to wobble anyways, will be wobbling harder. we will not increase spending on anything right now. connell: i know it is tough a couple days after something like this happens and the development that are happening today, but what is your opinion? should we change the focus? >> in some ways it should focus our focus. think about 9/11. we reacted to that with a big massive freak out, for lack of a better word. we are still taking off our shoes at the airports. we thought we needed to do something. let's remember that as we react to boston right now. let's focus on that. we need to realize that facing this horrifying attack, we will not make it better with coming up with security theater to the measures. dagen: it is almost impossible to link spending directly with an event like this. >> of course. dagen: knowing so little as we do right now even about the type of devices that were used in boston. you are hearing references to it, but n
to ministry the defense said the actions of some countries to strengthen military good.ts were not that comes after a visit to asia by the american secretary of state john kerry. the heads of the favor u.n. agencies have said enough is crisis in syria. they made a direct appeal to world governments urging them it use influence to find a political solution to save the country. they warn that without more money and better security they may have to suspend some support.rian the results of random tests in the european union for the horse meat in processed beef products are being delayed. are .u. says the figures being double-checked for believe.before made tests were agreed after horse found in a batch of frozen lasagna passed off as beef. the football stadium due to host he opening match of the confederations cup in brazil won't be ready by sunday as planned. authorities say the venue in the capital won't be completed until mid may less than a month before off.tournament kicks he conversation is seen as a arm-up for the brazil hosting of the world cup next year. >> let's catch up with the busine
, requires the inspectors general of the intelligence community, departments of justice and defense, as well as the privacy and civil liberties board to submit a report to congress every year regarding the use of the information shared with the federal government. this amendment asks the inspector general of the department of homeland security to list enspectors general required to submit the report. it also adds the house and senate committee on homeland security to the list of committees that will receive the report. currently only the house and senate intelligence committee will receive the report. having the department of homeland security as a department included in this reporting requirement adds one more layer to this accountability. allow me to talk about the overall bill and why it has my support. i believe we need a 21st century solution for this 21st century problem. i have heard from businesses and constituents in arizona with firsthand knowledge of this issue. it's affecting both large corporations and small businesses alike. our national security, our financial security, are un
, defense secretary is in israel for the first stop of his week-long mideast trip. it's his first mideast visit as defense secretary. he will talk about serious civil war and the nuclear program. he will talk about u.s. arms deal with israel. this morning israel and the u.s. are both focused on preventing iran from getting a nuclear weapon. and john kerry is wrapping up a trip to istanbul. to push ahead with mideast peace efforts. he also announced a new $100 million aid package that will assist fighters. secretary kerry says the additional money will double the nonlethal assistance to syrian opposition. it will increase aid. secretary kerry says the situation in syria is at a critical moment and the bloodshed needs to stop. the united nations estimates the fighting killed more than 70,000 people and they are asking the syrian president to step down. >>> more than a decade after the september 11 attack on the world trade . crews started sifting through the debris at the beginning of the month. since then, more than two dozen human remains have been found. more than 2700 people died at the
of defense. we built a strengthened homeland security enterprise and a more secure america, better to face the challenges we face. the president'sle budget allows us to build on the progress by preserving core front line operations priorities. at the same time, given the current fiscal environment, this is the third straight year that our budget requests reflects a deduction from the previous year. our request is $800 million below the f.y. 2013 enacted budget. our mission has nod changed and we continue to face evolving threats. we've become more strategic how we use these resources. this is coupled with a unprecedented with a fiscal discipline that has led to $4 billion in cost reductions over the past four years in a process we call efficiency review. before i get to the nuts and bolts of the budget i want to talk about sequestration. >> excuse me. can i ask you to pause a little bit longer. if you could pause for a moment dub. we want to get this quarum ieve we have a .nd if i can find -- here we go i would like to take this opportunity to conduct a brief business meeting -- to consi
/11 attack in productions for the cia defense personnel based upon legal guidance that has since been repudiated. the most important decision may have been to declare the geneva convention did not apply to al qaeda and taliban captives in afghanistan or guantanamo. the administration never specified what rules would have applied instead. the task force believes that u.s. defense intelligence professionals and service members in harm's way of the clear orders on the treatment of detainees requiring at a minimum compliance with, and article 3 as the geneva convention to be the this was not done. civilian leaders and military commanders have an affirmative responsibility to ensure that their subordinates comply with all of the war. president obama has committed to observe the conventions through an executive order but a future president could change it by the stroke of a pen. congress, our recommendation needs to work with the administration to strengthen the torture statute, the war crimes act and the uniform code of military justice to remove the loopholes that allow the torture to occ
at a cost of $12 billion. the official position of taiwan's ministry of national defense remains committed to procuring those submarines from the u.s. however, as the u.s. stopped making these diesel submarines many years ago, the sale has been stalled. i know we worked with france and some of our allies on this. could you advise what the current status of this submarines being acquired by taiwan is? and finally, you don't necessarily have to comment on this. if you'd like to you can, but former -- but the former president languishes today in a jail cell in taiwan. to me it smacks of the criminalization of politics. . stoot extent this administration communicates with the president i urge you to urge president mah to do the humanitarian thing, president chen's health is failing. i now yield to you, thank you. >> thank you, congressman. i appreciate it. i'll take that and just follow up on it. let me see what we can do about that. on burma, you are absolutely correct. there will be bumps in the road. i hope not big ones. obviously things are happening today that were unimaginable a few year
addressed the the media calling defense be tried in open court, as adults. >> they consider the home situation of the minor. the consider whether the minor is going to school are they truant, what type of stability they have. the court will consider all these factors that make a decision and determining whether they should remain in juvenile hall pending the case. >> >> the family addressed the media with their attorney calling the defense be tried in open court as adults. that decision could take up to a month. >> vandalism incidents in san jose appear to be connected. at&t announced a $250,000 reward for a formation that will lead to an arrest a suspect or suspects response overcutting at&t fiber-optic cables. >> this is video from our helicopter partnership with abc seven news. it shows that pg&e substation of metcalf road which was started by government of before 2:00 to the morningg. >> santa clara county sheriff's laurie smith says just prior to that someone cut at&t fiber optic cables affecting 911 emergency phone service in the south bay. an oil leak caused by the gunfire, ha
for the cia as a former deputy assistant secretary of defense. how critical is it that the 90 year-old brother of tamerlan tsarnaev be caught alive? >> well, is important. there is still some months that we don't know about this. is there a firm international connection? with a self radicalized? what motivated them? are there more potential terrorist attacks in the future? other part of the sleeper so? is the picture gets more clear new information makes a blurry, and there is just so much that we need to know. getting a hold of him and the freaking get informational tell us a lot. dagen: of course we mentioned the city has been on virtual lock down the public transition down. all of your major ones. so closed for today. amtrak service was closed down. people told by the governor of the state to stay indoors. boston and the surrounding areas. how critical is that? how critical is it that for these authorities to be a will to do their job? >> well, first of all, is public safety, of course. there are armed law enforcement officers, federal, state, local, out there trying to get this guy. anothe
them. that doesn't mean that national defense is not a good idea. on the other hand for people who think that marijuana is relatively safe. they don't think that the gateway evidence is consistent. that people should be left to do what they want to do so as long as they're not harming others, for them there are lots of good arguments for legalizing even without the 20 billion and that's icing on the cake. >> what tax per ounce of weed sold legally did you put into your equation? >> didn't compute it quite that way, but something like 50 to $100 an ounce and market prices now of marijuana vary a lot, but typically maybe in the 3 to $400 a range and that's a tax rate which is higher than on say, normal goods as part of the sales taxes and not so high as to drive the market underground because of tax evasion. stuart: would you expect the price generally to the public to go down if it were fully legalized all across the country? >> i think it will probably go down some and my estimates assume a fairly substantial reduction. the same time, i think we're very close to a defacto legal mar
, screaming at me, why isn't this guy in jail? look at this way, corzine's defense he put on a trade on italian spanish bonds. we point out that the trade turned out to be very profitable. people got worried about the trade in the market and they pulled out their money from, they pulled out their lines of credit. every brokerage firm needs lines of credit to survive, from mf global. the ensuing madness where mf global, maybe didn't have enough staff on board, caused them, it caused money, customer money to be somehow comingled with the firm money. it is hard to prove, that a, that trade was done with malice. which it wasn't. it turned out to be right ultimately. b, that he really was directing people to misuse customer money. it is, when you break it down, i'm telling you, i'm no fan of jon corzine politically. he is a very nice man personally, this is a hard case to bring. now i'm not saying they are not going to bring it. for all i know they have charges tomorrow. i haven't seen them and i haven't heard of it, but i will tell you he will litigate this back and he could win. this is
in this whole region has been through the department of defense, the military, defense contractors, shipbuilding, hundreds of years of history here building ships. we're the only place in the world that builds nuclear aircraft carriers and submarines and those kinds of vessels. the full range of maritime business. the report. hampton roads is probably the largest physical port. -- on the east coast of the u.s. the challenge is running a city like virginia beach are probably not a lot different than most every city in the country right now. that's all all changing relationships of federalism, the relationship between the state and federal government changing dramaticallymaking it much more difficult to finance the operation of cities to keep up with the needs in terms of part, and just the ongoing eds of the community for cultural, recreational, those kinds of activities. resources are getting harder and harder to find. and the competition for those resources is sharper than ever and it's a real balancing act to try to sort through that and come up with a program that will take us out through the
. >> you don't want to turn over intelligence gathering to it a criminal defense lawyer and the terrorist. >> shepard: investigators say they want to question the older brother's widow. one friend calls her an all-american girl and accuses her husband of brainwashing her. >> shepard: plus friends and family say goodbye to the girl with a heart of gold. and one week later the nation stops to remember. >> shepard: and good evening from fox news, one week later, the feds have charged the suspect in the boston marathon bombings with using a weapon of mass destruction. charge that could get him death. officials say prosecutors and a judge went to the suspect's hospital room today to formally charge him with the attacks that killed three people and wounded close to 200 others. according to the criminal complaint here. surveillance videos shows the 19-year-old on the cell phone before that first blast. goat, a few seconds after he finishes the call, the large crowd of people around him can be seen to react to that first explosion. then he walks away without his knapsack. having left it on the gr
for the quarter. sector to sector, defense sectors doing better, utilities, health care, and telecom. back to you. melissa: thanks so much. lori: fbi confirms preliminary tests on a letter sent to president obama tested positive for ricin. rich edson has the latest. rich, when you hear news like this coming after the bombings in boston, you understand why the fear trade is in play here on wall stroat. >> absolutely. in washington, d.c. as well. this is the nation's capitol in a heightened state of sensitivity this after three suspicious packages now all clear from u.s. senate office buildings, a report we had brought you last hour. the u.s. capitol police have taken care of the packages in the senate office building that are now all cleared. the letters, one sent to the president of the united states, the other two a u.s. senator. this from the fbi saying filters in a second government mail screening facility, preliminarily tested positive for ricin this morning and mail from that facility is tested. there's no indication of a connection to the attack in boston. also, u.s. senator carl levin, a d
disarmament. the reaganites in the defense department were horrified by this and put a stop to it but reagan didn't go all the way with reaganism when he had a chance to end the cold war, especially the nuclear threats. so it's a hard-core republican belief. if you remember the pup pup prime -- republican primaries of 2012, it was not that long ago there were eight or ten republican candidates in simi valley for a debate at the reagan library and every one of them said reagan set the example how maring be strong, reagan did with the soviet union and we should do it today in iran, we should do it -- we were right toy trite in iraq. america should use its power to achieve its spend destroy its enemies. i worked in the cold war and in the middle east. you have 29% of the american people agree with that today. >> richard, do you want to say something? you're leaning forward. >> no. >> okay. we want to take questions from the audience if anybody has a question, and i think there's a microphone somewhere that someone is going to bring up. why don't we start right up here on the aisle, blue shirt.
know, depending on what the government was willing to say to this defense lawyer, whether or not and what benefit he might get as a result of his cooperation. remember, from the very beginning, from the president on down, everyone has said public safety is the first and highest priority. so the first question he's going to be asked is are there more devices and where are they? and, you know, and so if that were the case, i'm not suggesting it is, but it certainly is the first question you want to ask and to get to find any additional devices you would want -- you would want to give him the benefit of that cooperation. so this will have to -- it unfolds very methodically, right, the investigators have questions and in the order of the priority they're going to ask him, public safety will come first. second is to identify any additional potential conspirators who may have been involved in the planning or execution of the bombing. >> all right. fran, stand by. don't go away. we're going to continue the nonstop coverage here. our team coverage of what's going on at boston, wha
in place post-9/11 work. now it may be too late to save everyone, but it is providing a effective defense. >> in terms of the sophistication to carry out a mail attack, if you will, honestly the details around the anthrax attack are still very much -- we don't have clarity even a decade later. >> still in dispute. >> it takes a fair amount of sophistication and access to material to be able to even care something like this out. >> and anthrax is harder than ricin. anthrax to tell le weaponize it, grind it up, getting it to a place where it's effective is a bit more different than risen. ricin extracted from castor beans, this is not particularly sophisticated, but it is effective. it has to be ingested or inhaled, about you it requires somebody to at least give it some thought to sit down and produce it. >> luke, you are obviously here and not on capitol hill, but in terms of the reaction we're seeing from congress, the fact -- look, there's still legislation that they're debating at the capitol hill and it's on high alert. the question is how much it affects the proceedings. and there's
government is increasingly held in such low regard by the american people. but for the left the defensive crouch at least makes sense. liberalism's main purpose today is to defend its past gains from conservative reform. but negativity on the right, to my mind, makes no sense at all. the left has created this false narrative that liberals are for things, and conservatives are against things. when we concede this narrative even just implicitly, we concede the debate before that debate even begins. and yet too many of us, elected conservatives especially, do it anyway. we take the bait. a liberal proposes an idea, we explain why it won't work, and we think we've won the debate at that moment. but even if we do, we reinforce at ivat i'm talking about; winning battles while we're losing the war at every step. this must be frustrating to the scholars of the heritage foundation who work every day producing new ideas, ideas about what conservatives can be for. but it should be even more frustrating to the conservatives around the country that we as elected conservatives were, in fact, elected to
cold war world. he set up -- he set up a defense structure that cold war started with harry truman and ended with ronald reagan. and now he's considered one of the near great presidents. >> i've always found it fascinating how in realtime we build up and tear down presidents. historians do the same thing. there was a time period 20 or 30 years when historians were giving truman not much credit and there was some revisionism in the late '90s. and we've seen it with grant, with polk, we'll see it with other presidents. >> right. and you look at george bush and 30, 40 years from now, obviously our pearl harbor is 9/11. and a lot of people, historians going to say america wasn't attacked again during the rest of his term over the next seven years. and painted in broad colors, broad strokes, he's going to be judged first and foremost for that. >> what's going on in the aftermath of boston. barack obama has to start worrying about his legacy and isn't going to be enough. does he want his legacy to be i failed? are there going to be any excuses big enough for history. he's got to figure o
/2 months of testimony. defense attorneys for jodi arias have rested their case. the trial is far from over. later today the prosecutor is set to call rebuttal witnesses. jodi arias admits to killing her ex-boyfriend. she insist it was self defense. if convicted of murder she faces the death penalty. the trial is expected to last several more weeks. >>> the judge in the jackson family lawsuit against concert promoter aeg is fed up. the jackson family is seeking millions from the promoter in the civil lawsuit. the judge says from now on she will not consider any more requests from potential jurors to leave the case except for medical emergencies. the judge has been swamped with last minute excuses from would-be jurors and she says she is concerned that the jury pool is dwindling fast. one man claimed he simply dislikes michael jackson and his entire family. >> think a lot of people may want to be on the jury. >> i don't understand. >>> powerful voice in gospel music silenced, george beverly shea, performed hundreds of millions as part of billy graham's evangelical crusades, performed in fron
the overall challenges of trimming the defense budget. this program is in sularecause , delays, and the weight has been structured. -- weight has been structured. it's most defensive effective attribute may not be all of its radars and since ours -- sensors and missiles. it may well be the way it's been designed to evade budget cutters in washington. sunday at 8:00 on c-span q&a. >> earlier today postmaster general donahoe spoke at the national press club, speaking about postal reform ahe saturday delivery. here's what he had to say. >> congress faces a simple choice. give the organization the flexibility to operate more effectively. in case you're wondering what that cost might be, the cost of ,ropping up our broken model including resolving all the debts and the false we currently can't afford to pay, might be in the neighborhood of $58 billion trade that's just through 2017. it would be completely unnecessary. it may shock you to learn that the postal service could be profitable today, and in the long-term future. we just need to operate differently. i'm optimistic. i'm optimistic that cong
of the samsung galaxy preorders. in australia, defense sectors powered ahead and sensex now trading flat while the country is seen as a big beneficiary to the recent weakness in commodity prices. back to you. >> okay. thanks very much for that. turning our attention to european session as i mentioned just in the last couple minutes here we've turned sharply lower. a sell-off of 0.7 of 1%. decliners outpace advancers by 4 to 1 ratio. the market is scratching around for this particular sell-off. we're down almost three-quarters of 1%. italy down about 0.4 of 1%. presidential selection process will begin tomorrow. here's a look at the bond space to see if we see major moves to echo the concern we've seen across the equity space but not quite. look at spanish and italian debt, they are rallying. here's a look at what's happening across the space. sterling is weaker. we'll hear bank of england minutes out in just a couple minutes time. dollar/yen weakened this morning but not as much as you would expect given the sell-off across commodities. on cnbc.com, london's mayor boris johnson arguing that fa
investments in defense and homeland security. that's one of the few silver linings in this terrible tragedy yesterday, it remind the american people that we still have a very dangerous threat out there that we have to be able to deal with. >> you know civil libertarians have a problem with some of that and the expansion of it. do you think the line is shifting even further? >> i would remind you that many civil libertarians have a problem with pretty much everything. >> we can do a lot more with advanced technologies without giving up our freedom. i don't think americans feel that they have to give up freedom in order to have security. >> does it change after an attack our consciousness about the threat, do you think? >> i think it would depend on what the source of this threat proves to be. if it looks like it's a foreign attack it could have one impact, if it looks like a more domestic origin then it will have perhaps a different effect. it kind of depend on the facts. >> reporter: it was interesting, bill, both those lawmakers, opening man rogers, senator levin talking about technology b
of the case and then he will have an arraignment. he will have a defense attorney and under normal circumstances somebody arrested on a friday night would not be arraigned until friday monday. however, he could be a rate as early as saturday if he is medically up to it. >> within the next month, legal analysts say the boston marathon bombing suspect.19-year-old dzhokhar tsarnaev. will be indicted by a grand jury. then the case is assigned to a district judge. a justice department official says tsarnaev will not be read his miranda rights because the government is invoking a public safety exception. when police have an objectively reasonable need to protect the police or the public from immediate danger. tsarnaev will be questioned by a special federal interrogation team for high- value suspects. >> president barak obama and republicans used their weekly addresses to celebrate the resolve americans demonstrated after the attack on the boston marathon. in the address obama emphsized that "the world witnessed one sure and steadfast truth: americans refuse to be terrorized." >> ultimat
, fbi and department of defense and u.s. attorney. how do you investigate a guy like this? >> he will be interrogated. all you can do is write his answers down. this will happen. it will happen as soon as possible. they are not going to give them a lot of leeway here. there are important questions they have to follow up on from an operational standpoint. people want to ask why did you do this? important is who helped you? who was your brother in contact with during his time overseas. was there a support structure we can get on immediately. there are literally at the door of his hospital room standing by as soon as it is able to happen he was on him. >> can you tell us about this and that and the guy says, you know what, i don't want to tell you about anything. you have a cold blooded killer or someone alleged to be that. you think he is going to just breakdown and friendly say, yeah, i'll tell you why my brother did this and we were funded by this one. you think talking to him you are going to get him to spill the beans? >> he will be in the u.s. system now. if he declines to say
probably own stock in corporations, as wealthy as you are, that have an interest in the defense industry, and you as a shareholder could get hands on that. >> really, i could? >> not all is classified. certainly, the fact they are doing is not classified. >> isn't that hate speech? >> no, even hate speech is protected. hate speech is protected as long as -- >> it's mayhem that's not protected. >> i could have sworn the anarchist cook book was banned. was that just lore? >> i think it was lore that was banned. the theory of the federal government is that individuals should decide what to read and see and hear and distribute. the government doesn't make those decisions for them. >> hate speech sows violence is outlawed >> right? >> all speech is incompetitive advantage wows when there's speech to rebut it. if there's stuart, let's get him, the mob gets him, i could be funnish -- punished for speech, but they say, what, are you crazy? it's stuart, and mob lays back, my speech is protected. >> i want to recommend your editorial in today's "washington times" about social security being a ponz
're moving them into cash right now. you're looking at a heavier cash position. you're defensive here. why? >> very simple. because valuation is getting stretched. we're traditional investors. as things get more expensive, we tend to sell them. when they get cheaper, we tend to buy them. we're seeing as stocks hit our price targets, in many cases targets that we had two or three years out, they're hitting the price targets now. we don't have something we feel is ready to buy. we have more cash today than we had in the middle, early part of 2008. simply because it's really hard to find compelling, good risk reward scenarios in the market because valuations are beginning to get stretched. dagen: you're looking at the major markets in one way and being cautious with cash. on the other side, you're starting to nibble on the gold and silver, mining stocks. why that particular group? we've seen incredible losses in gold in particular, silver has somewhat been following suit but you're saying go for the miners. why? >> in our particular case we're very old fashioned. when things get hit hard, we
is to stabilize stocks. lot of times we conjure that side of the market. is a more defensive than with you want to call it that. tracy: this is going to continue. your job is going to be tough for a while. >> we opened the volume with volatility. tracy: what is your outlook for the rest of the week? are we going to continue to pour off into nothing more do you think this will turn around? >> there is always hope but we are trading at session lows, the volatility index is creeping up 7% right now, the s&p 500 testing 1540, support is down 1543, the 50 day moving average. is getting ugly. tracy: thank you for taking the time. adam: apple, is this a good time to buy? we will ask an analyst next. tracy: let's look at the winners and losers on the nasdaq but there are some winners. brendel resources holds up, 5.1%. we will be right back. @ tracy: apple trading below $400 for the first time since december of 2011. google reporting after hours what should you be doing now? senior analyst for chelsea advisory group here to tell us, tech stocks up 1%. what is going on? >> slowdown in europe and som
in military presence. reports from china's defense ministry says the strategy is changing the region in favor of japan, philippines and vietnam. >>> "the washington post" looks at a sweeping immigration deal reached by a group of democratic and republican senators. the bill offers millions of illegal immigrants a chance to be citizens. it also creates tens of thousands of new visas for foreign workers in low skilled jobs. >>> "the los angeles times" says the gun control bill face as tougher road in the senate. the proposal from senators joe manchin and pat toomey would extend background checks for gun sales. officials say it does not yet have the votes to be added to a larger piece of gun legislation. a vote on the amendment is not expected until at least tomorrow. >>> the"wall street journal" says gold prices have hit a two-year low. it was the largest one-day loss in 30 years. >> "the new york times" reports on the pulitzer prizes. newspaper won four yesterday. the others include an independent nonprofit organization called inside climate news. it won the price for national reporting for it
challenges of terming the defense budget. this program is in someway singular in terms of its costs and delays in the way it has been structured. as i write in the piece, it's most effective defense attribute may not be all of its radars and sensors and missiles and stealth technology and ability to have -- it might be the design to evade budget covers from washington. washington post senior correspondent sunday at 8 p.m. on c-span's "q&a." >> secretary of state john kerry and mexican foreign secretary spoke to reporters following the meeting in washington. they expressed condolences for the people of boston. the two leaders met to discuss u.s.-mexico relations, immigration reform, and president obama's trip to mexico next month. >> good morning, everybody. before we begin, i want to just say that as a father and grandfather, my thoughts are of course in my hometown right now, boston, where events are still unfolding and the entire city is on lockdown. we are continuing to learn every moment about the attack on monday and the pursuit of justice following it. it is fair to say that t
to be said about what this bill does, but our point is that we believe in law enforcement as the best defense is a strong offense. there are so many provisions in this bill that would encourage or discourage illegal immigration, it would create the first choice in those who want to come to this country to work, to benefit their own lives and benefit this great country. that is to choose a pathway that is correct and legal. all those other provisions in this law are those that help with regard to a stronger border. >> thank you very much. the fmemayoof denver, colorado, currently serves as president and ceo of the hispanic chamber of commerce of metro denver. good to have you here, mr. mayor. >> thank you, mr. chairman, members of the committee. to there to lend support border security economic maturity. -- economic we send our present supports to our neighbors in texas and massachusetts and in solidarity with and with american that you try to make a better bet for your kitty. and the president and ceo of the hispanic chamber of commerce metro denver, an organization of over 2000 business memb
finance committee. the senate armed services committee will do an overview of defense authorization. chuck hagel will be at that as well as general martin dempsey, at that hearing. the house oversight and government reform committee is having a hearing on postal service insolvency. to find out when and where all of that will be airing, go to our website, c-span.org, for more details. chuck in massachusetts, a democrat. thought.ust a when you consider how 9/11 and brought the american public together, the last thing al qaeda would want to do would be to recreate that feeling of united ness. they like us divided. was shown as ait relatively easy, but they did in boston yesterday. like hawk-eye wanted to do something like that, they could do it relatively easily. i don't think they want to do it, because it would backfire on them. that's my thought. host: all right. that's the point of the show, to get everybody stopped and a variety of opinions this morning. one more story to give you before we go on to talk to two members of congress. poisonlope containing mailed to the senate this office,
to fund the construction of the national bio anding a row defense facilities in kansas. we've talked about. this i'm sure we'll talk about it more today the and i understand the importance of studying animal diseases, but i hope we can avoid providing full funding, $700 million some, full funding, to 2014 alone, for a multi-year construction probably. y building a building in lodge cal segments, taking away resources from other facilities like i.c.e. and the coast guard and fema, maybe even management moneys that we need from the department. and finally, i'm concerned by proposed cuts and the support that the homeland security provides to state and local governments and first responders through homeland security grants, exercises in training and as we saw clearly this week in state and local officials are the ones who will inevitably be on the front line responding to terrorist attacks. my friend always reminds us we need to be risk-based and we need to keep that in mind particularly as we consider these grants to our state and local colleagues. while acknowledging that our approach must b
of trimming the defense program. this program is singular in terms of its costs and the way as i write in d, the piece, the attribute may not bawl of the missiles and stealth technology and the ability to fight supersonic speed. it may be the way it is designed to avoid budget cutters in washington. on re on sunday at 8:00 c-span's "q&a." >> at a senate hearing to discuss the immigration bill this week. homeland security janet napolitano was scheduled to testify but was unable to do due to the ongoing investigation there. a member of the u.s. commission on civil rights as well as former c.b.o. director testified and discussed concerns and the benefits in the legislation. his is an hour and 40 minutes. >> the committee can come to order please. . apologize for the delay as you know there is a great .elay going on in massachusetts i hope everybody can well understand why the secretary napolitano will not be here. testimony. dule her -- hopefully senator feinstein won't mind me mentioning but she was saying and i agree on how proud we are on how law enforcement responded. i am distressed to h
defense systems to guard against any miscalculation on their part. >> on the budget, is this your last best final offer to republicans? >> what i tried to do is put forward a budget that i think is a realistic compromise. >> would you go farther on entitlement cuts? >> it does not give republicans everything they want, frankly it doesn't reflect everything i would like to see. it puts forward some of the ideas the republicans had suggested around entitlement reform that i think are reasonable policy. >> they say it's not enough and it's not enough to make a deal, would you go farther? >> i think that before we go anywhere, right now we've got to see from republicans what exactly is it that they want to do. i mean, when they say they want to go farther, what do they want to do? what are they putting on the table. >> you've got democrats a little mad at you, too, saying you've cut social security and medicare and now this is going to come back and haunt them in their races. >> part of what we have to think about, whether we're democrats or republicans is how do we create a system where o
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